Economic Development News & Insight


“Why I Nominate For ICIC’s Small Business Programs”

/ March 13, 2014

“Why I Nominate For ICIC’s Small Business Programs”

By Richard Escalante, Baltimore Development Corporation

“It takes a village.”

We’ve all heard this saying, but how does it apply to efforts supporting small businesses in America’s inner cities?  Economic development partners know that helping small businesses means in return helping their cities through sustained job growth and economic stimulus.

Today’s entrepreneurs are the job creators of tomorrow. It’s amazing to see how an idea can be nurtured to grow into a flourishing business.  But in my experience, a business only flourishes if it has access to the right resources supporting its growth.

One of the resources available to the economic development community is ICIC’s Inner City 100 program.  Every year for the past fifteen years, ICIC has promoted the fastest-growing businesses located in inner cities through the publication of the Inner City 100 list.  ICIC finds these deserving inner city firms with the help of nominating partners from across the U.S.  The winning businesses are then recognized with a publication in FORTUNE and with a celebratory awards event.

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